Venture(US:VEMLY) Mei Ri Jing Ji Xin Wen·2025-11-25 07:22Core Insights - The A-share market indices opened higher on November 25, with the ChiNext New Energy ETF (Hua Xia, 159368) rising by 1.28%, driven by significant gains in its constituent stocks such as Dike Co. (over 5%), Shangneng Electric (over 4%), and Sunshine Power (over 2%) [1] Group 1: New Energy Projects - The completion of three photovoltaic projects in Yunnan Province, undertaken by China Power Construction, marks the establishment of the largest "wind-solar-storage integrated" renewable energy base in the region, providing continuous clean energy [1] - The total installed capacity of these projects is 140,000 kilowatts, expected to generate approximately 249 million kilowatt-hours of green electricity annually [1] - This project, along with the previously completed 523,000-kilowatt photovoltaic base in Daya County, forms a significant part of the "wind-solar-storage integrated" cluster, which is currently the largest of its kind under construction in Yunnan Province [1] Group 2: Investment Trends - The demand for clean energy investments is expected to remain strong under the "dual carbon" strategy, with wind-solar-storage integration emerging as a key model to address the volatility of renewable energy [1] - This integration not only reduces the cost per kilowatt-hour but also enhances profitability, thereby strengthening market confidence in the scalable expansion of the wind-solar-storage industry across various geographical scenarios [1] Group 3: ChiNext New Energy ETF - The ChiNext New Energy ETF (Hua Xia, 159368) is the largest ETF tracking the ChiNext New Energy Index, which encompasses various sectors within the new energy and electric vehicle industries, including batteries and photovoltaics [2] - It has the highest elasticity, with a potential increase of up to 20%, and the lowest fee structure, with a combined management and custody fee of only 0.2% [2] - As of October 31, 2025, the fund's scale reached 829 million yuan, with an average daily trading volume of 90.05 million yuan over the past month, and it features a storage content of 59% and solid-state battery content of 32%, aligning with current market trends [2]